Agenda - 09-07-2005-10a - Laserfiche WebLink

Browse Search

representations necessary for Blackman & Sloop to do an audit and to provide Blackman & Sloop with enough time to perform the audit. At this September 7 meeting, staff plan to provide updates on these and other aspects of the SportsPlex/Senior Center project, as noted in the bullet list below: ¦ architect progress in Hillsborough development review submission - targeting submission for October 2005 Hillsborough Board of Adjustment review ¦ update on condition of SportsPlex building, infrastructure, and equipment ¦ project management activities - including "construction manager at risk" proposal ¦ SportsPlex financials - progress report on "agreed upon procedures" and progress on efforts to secure a full audit ¦ facility management services - report on staff site visits to Wake County facilities owned and/or operated by Ice Ventures/Recreation Factory Partners ¦ appointment of the Central Orange Senior Center Planning Group - tentatively scheduled for BOCC action at September 20 regular meeting FINANCIAL IMPACT: There is no financial impact associated with this update As approved by the Board at the dune 23 meeting, the net cost to the County for the SportsPlex acquisition will be ± $5.565 million. Funding for the acquisition would come through third party financing that will be subject to approval by the North Carolina Local Government Commission. The estimated cost of the Senior Center expansion project is approximately $2 million, which will come from November 2001 voter approved bonds and alternative financing as needed. RECOMMENDATION(S): The Manager recommends that the Board: 1) receive the reports on the subjects noted above for information only at this time; 2) provide any appropriate feedback to the Manager, Attorney, and staff; and 3) approve an extension to the due diligence period to October 5, 2005 and a related amendment to the existing purchase agreement, subject to final review by staff and the County Attorney.